Sen. Rick Scott: Biden’s Reckless Spending Spree Could Cost American Taxpayers More than $5 Trillion

July 19, 2021

WASHINGTON, D.C. – Today, Senator Rick Scott released the below statement following an analysis by the Committee for a Responsible Federal Budget showing that the Democrats’ spending plan could cost between $5 trillion and $5.5 trillion over 10 years – far more than the $3.5 trillion in spending they are advertising. For months, Senator Scott has been warning that reckless spending pushed by President Joe Biden and Washington Democrats is causing growing inflation, rising prices on everyday goods, which hurts all American families and is especially devastating to those on low and fixed-incomes.

Senator Rick Scott said, “President Joe Biden and Washington Democrats led by Chuck Schumer and Nancy Pelosi will stop at nothing to jam their reckless tax-and-spend proposals through Congress. President Biden and the Democrats don’t care that wasteful government spending causes inflation, which is hurting families across our country. Now we find out that the massive $3.5 TRILLION spending spree, funded by higher taxes on American families, is actually going to cost taxpayers as much as $5.5 TRILLION over the next decade. That is insane, but Biden and the Democrats don’t care. The only thing that matters to the White House, Chuck Schumer and Nancy Pelosi is appeasing the radical left by fulfilling its insane socialist wish list that increases government dependency and drowns our nation in even more debt.

“We know America can’t afford this. We know that this isn’t what families in Florida want. There is a day of reckoning coming if we don’t get our fiscal house in order, and I will keep fighting every day to rein in the reckless spending that threatens the future of our children and grandchildren.”

Since being elected to the U.S. Senate, Senator Scott has repeatedly urged action to address America’s debt crisis and the harmful effects of inflation: